| Goodwill and Intangible Assets |
NOTE 7 – GOODWILL AND INTANGIBLE ASSETS Goodwill Changes in the carrying amount of goodwill by reporting segment is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
(In thousands) |
United States |
|
|
Canada |
|
|
Total |
|
Balance as of June 30, 2025 |
$ |
97,794 |
|
|
$ |
19,843 |
|
|
$ |
117,637 |
|
Acquisitions |
|
3,552 |
|
|
|
— |
|
|
|
3,552 |
|
Foreign currency translation |
|
107 |
|
|
|
(438 |
) |
|
|
(331 |
) |
|
|
|
|
|
|
|
|
|
Balance as of March 31, 2026 |
$ |
101,453 |
|
|
$ |
19,405 |
|
|
$ |
120,858 |
|
Intangible Assets Intangible assets consist of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2026 |
|
(In thousands) |
Weighted Average Amortization Period |
|
Gross Carrying Amount |
|
|
Accumulated Amortization |
|
|
Net Carrying Amount |
|
Customer related |
8.6 years |
|
$ |
152,521 |
|
|
$ |
(108,547 |
) |
|
$ |
43,974 |
|
Trade names and trademarks |
4.9 years |
|
|
15,295 |
|
|
|
(13,445 |
) |
|
|
1,850 |
|
Developed technology |
0.7 years |
|
|
4,091 |
|
|
|
(3,546 |
) |
|
|
545 |
|
Licenses |
1.0 years |
|
|
747 |
|
|
|
(673 |
) |
|
|
74 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
172,654 |
|
|
$ |
(126,211 |
) |
|
$ |
46,443 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2025 |
|
(In thousands) |
Weighted Average Amortization Period |
|
Gross Carrying Amount |
|
|
Accumulated Amortization |
|
|
Net Carrying Amount |
|
Customer related |
9.2 years |
|
$ |
150,339 |
|
|
$ |
(104,648 |
) |
|
$ |
45,691 |
|
Trade names and trademarks |
5.6 years |
|
|
15,409 |
|
|
|
(13,269 |
) |
|
|
2,140 |
|
Developed technology |
1.4 years |
|
|
4,091 |
|
|
|
(2,932 |
) |
|
|
1,159 |
|
Licenses |
1.7 years |
|
|
764 |
|
|
|
(631 |
) |
|
|
133 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
170,603 |
|
|
$ |
(121,480 |
) |
|
$ |
49,123 |
|
Amortization expense amounted to $1,831 and $5,417 for the three and nine months ended March 31, 2026, respectively, and $3,012 and $8,821 for the three and nine months ended March 31, 2025, respectively. Future amortization expense for each of the next five fiscal years ending June 30 are as follows:
|
|
|
|
(In thousands) |
|
|
2026 (Remaining) |
$ |
1,827 |
|
2027 |
|
6,695 |
|
2028 |
|
5,864 |
|
2029 |
|
5,281 |
|
2030 |
|
5,083 |
|
|